Oakland, TN Cost Of Living
Cost Of Living In Oakland, TN Summary
Cost of living in Oakland research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Oakland is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Tennessee, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Oakland is 96, with 100 being the average.
The cost of living index in Oakland is 1.0x lower than the national average.
Oakland ranks as the #84 cheapest in Tennessee out of 105.
Oakland ranks as the #2,601 cheapest out of 6,412 in the US.
The median home value in Oakland is $195,300.
The median income in Oakland is $78,125.
Table Of Contents
Oakland's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Oakland, TN?
According to the most recent data on the cost of living, Oakland has an overall cost of living index of 96, which is 1.0x lower than the national index of 100.
Compared to Tennessee, Oakland has a cost of living index that's 1.1x higher than Tennessee's index of 90.
The standard of living in Oakland ranks as #84 most affordable out of the 105 places we measured in Tennessee. By definition, that implies Oakland ranks as the #21 most expensive place in the Volunteer State.
For more reading on life in Oakland, check out:
- Living In Oakland
- Oakland Crime Report
- Search Homes For Sale In Oakland, TN
In Tennessee
In America
Oakland Cost Of Living Vs. Tennessee
Six factors go into calculating the cost of living index in Oakland. Here is how it fairs on each of the criteria:
The Services index in Oakland is 92.
The Groceries index in Oakland is 90.
The Health index in Oakland is 80.
The Housing index in Oakland is 110.
The Transportation index in Oakland is 88.
The Utilities index in Oakland is 91.
| Living Expense | Oakland | Tennessee | National Average | |
|---|---|---|---|---|
| Overall | 96 | 90 | 100 | |
| Services | 92 | 93 | 100 | |
| Groceries | 90 | 96 | 100 | |
| Health | 80 | 88 | 100 | |
| Housing | 110 | 82 | 100 | |
| Transportation | 88 | 90 | 100 | |
| Utilities | 91 | 93 | 100 | |
Oakland, TN Housing Cost Breakdown
Housing swings affordability the most between places in Tennessee, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Oakland is $195,300.
The Median Rent in Oakland is $1,716.
The Median Income in Oakland is $78,125.
The Home Value To Income in Oakland is 2.5x.
The Rent To Monthly Income in Oakland is 0.26x.
| Statistic | Oakland | Tennessee | United States |
|---|---|---|---|
| Median Home Value | $195,300 | $193,700 | $244,900 |
| Median Rent | $1,716 | $951 | $1,163 |
| Median Income | $78,125 | $58,516 | $69,021 |
| Home Value To Income | 2.5x | 3.3x | 3.5x |
| Rent To Monthly Income | 0.26x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Oakland, TN Costs By Category
Detailed Oakland Services Costs Vs. Tennessee
Detailed Oakland Groceries Costs Vs. Tennessee
Detailed Oakland Health Costs Vs. Tennessee
Detailed Oakland Transportation Costs Vs. Tennessee
Detailed Oakland Utilities Costs Vs. Tennessee
Oakland SnackAbility
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Cost Of Living In Cities Around Oakland
The cost of living varies in the cities and towns around Oakland. Here's a quick look at the cost of living in the most populous nearby places:
Bartlett, TN has a cost of living index of 93, 1.0x Oakland.
Collierville, TN has a cost of living index of 107, 1.1x Oakland.
Germantown, TN has a cost of living index of 108, 1.1x Oakland.
| City | Population | Cost Of Living | Vs. Oakland |
|---|---|---|---|
| Bartlett, TN | 57,639 | 93 | 1.0x |
| Collierville, TN | 50,669 | 107 | 1.1x |
| Germantown, TN | 40,955 | 108 | 1.1x |
| Arlington, TN | 14,158 | 103 | 1.1x |
| Lakeland, TN | 13,693 | 103 | 1.1x |
| Atoka, TN | 9,863 | 95 | 1.0x |
